Allianz Engineering, Construction & Power releases

Latest inspection defects data

Posted: 28 March 2019
Allianz Engineering, Construction & Power has released new engineering inspections data which found 16% of inspected escalators and moving walkways had a defect which could pose a potential risk to life.
"Just one of these defects could lead to a serious injury or even loss of life for those using the equipment."
Glyn Amphlett, Chief Engineer, Allianz Engineering, Construction & Power

The new data revealed that of the items inspected by Allianz Engineering, Construction & Power, most likely to have a defect that may present a risk to safety are:

  1. Escalators & Moving Walkways (16%)
  2. Passenger / Goods Lifts (15%)
  3. Fork Lift Trucks (7%) / Telescopic Handlers (7%)

While it is encouraging that the overall number of defects being identified in plant and equipment that require immediate rectification remains below 2% this figure still represents over 50,000 items.

Allianz Engineering Construction & Power says the importance of inspections cannot be ignored and must be raised with customers.

Glyn Amphlett, chief engineer for Allianz Engineering, Construction & Power, commented:  "Our inspections data demonstrates that there are certain everyday items, such as escalators and passenger lifts which are used daily by the public, where we still are seeing a high percentage of serious defects.

"Just one of these defects could lead to a serious injury or even loss of life for those using the equipment. There is also the potential of major financial or reputational repercussions for the business involved."

Glyn added: "Brokers can help their clients by stressing the importance of regular maintenance and inspection regimes to help minimise the risk of accidents."

1. Data was gathered by Allianz Engineering, Construction & Power in 2018, from inspections carried out every 6 -12 months. Escalators, Moving Walks and Lift inspections are carried at 6 month periodicity. Forklift Trucks and Telescopic handlers are inspected either annually or every six months depending on their use.

2. For further information about the importance of engineering inspections from Allianz Engineering, Construction & Power please view Glyn Amphlett's feature article, 'Safety first: The importance of engineering inspection and maintenance'.

The information contained in this press release relates to Allianz Insurance plc. Allianz Insurance plc is one of the largest general insurers in the UK and part of the Allianz Group.

About Allianz Holdings plc

Allianz Holdings plc is the non-regulated holding company which owns the principal insurance operations of Allianz SE in Great Britain.

About Allianz

The Allianz Group is one of the world's leading insurers and asset managers with more than 100 million* private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing 790 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage 1.7 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are amongst the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2021, over 150,000 employees achieved total revenues of 148.5 billion euros and an operating profit of 13.4 billion euros for the group.

These assessments are, as always, subject to the disclaimer provided below. 

Cautionary note regarding forward-looking statements

This document includes forward-looking statements, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements. Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz Group's core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates, most notably the EUR/USD exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions including and related integration issues and reorganization measures, and (xi) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.

No duty to update

The Allianz Group assumes no obligation to update any information or forward-looking statement contained herein, save for any information we are required to disclose by law.
*Including non-consolidated entities with Allianz customers.

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